1968 The American News Company Stock Certificate

Description

1968 The American News Company Stock Certificate
1968 The American News Company Stock Certificate
r5094
State: Delaware
Date: 1968
Color: Brown
Size: 11 1/4 in x 7 1/2 in
A couple of staple holes in the vignette. Printed by Security Banknote Company.
American News functioned both as a national distributor and as a local periodical wholesaler. Headed by Henry Garfinkle, the company had over 300 branches and employed several thousand employees. During the middle of the century, American News stood as the largest book wholesaler in the world, dominating the industry. It also had a near stranglehold on the distribution of magazines and newspaper within the  United States market, dominating that industry as well. Listed on the New York Stock Exchange, it had more than 5400 stockholders. Headquartered in New Jersey, American News also had offices in the Park Place section of Manhattan.
Comic book clients of American News included Atlas Comics, Dell Comics, and Toby Press.
American News Company was a magazine, newspaper, book, (and comic book) distribution company founded in 1864 by Sinclair Tousey, which dominated the distribution market in the 1940s and 1950s. The company's abrupt 1957 demise caused a huge shakeup in the publishing industry, forcing many comic book publishers and small magazine publishers out of business.
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